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On January 1, 2021, BLACK WIDOW Company offered its top management share appreciation right with the following terms: Predetermined price P 100 per share 50,000 shares Service period 3 years Number of shares Exercise date January 1, 2024 The share appreciation right is to be exercised on January 1, 2024. The quoted prices per share are P100, 124, 151 and 151 on January 1, 2021, December 31, 2021, December 31, 2022, December 31, 2023, respectively.

On January 1, 2021, BLACK WIDOW Company offered its top management share appreciation right with the following terms: Predetermined price P 100 per share 50,000 shares Service period 3 years Number of shares Exercise date January 1, 2024 The share appreciation right is to be exercised on January 1, 2024. The quoted prices per share are P100, 124, 151 and 151 on January 1, 2021, December 31, 2021, December 31, 2022, December 31, 2023, respectively.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What amount should BLACK WIDOW charge to compensation expense for the year December 31, 2023 as a result of the share appreciation right?

On January 1, 2021, BLACK WIDOW Company offered its top management share appreciation right with the following terms: Predetermined price P 100 per share 50,000 shares Service period 3 years Number of shares Exercise date January 1, 2024 The share appreciation right is to be exercised on January 1, 2024. The quoted prices per share are P100, 124, 151 and 151 on January 1, 2021, December 31, 2021, December 31, 2022, December 31, 2023, respectively.
Transcribed Image Text:On January 1, 2021, BLACK WIDOW Company offered its top management share appreciation right with the following terms: Predetermined price P 100 per share 50,000 shares Service period 3 years Number of shares Exercise date January 1, 2024 The share appreciation right is to be exercised on January 1, 2024. The quoted prices per share are P100, 124, 151 and 151 on January 1, 2021, December 31, 2021, December 31, 2022, December 31, 2023, respectively.
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